🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

CANADA STOCKS-TSX touches nearly four-week high on hopes of US-China trade deal

Published 2019-01-09, 10:00 a/m
© Reuters.  CANADA STOCKS-TSX touches nearly four-week high on hopes of US-China trade deal
LCO
-
CL
-
GOLD
-
0P6E
-
GSPTSE
-
GSPTTIN
-
SPTTFS
-
GSPTTMT
-
SPTTEN
-
NGD
-
SJ
-
APHA
-
ACB
-

Jan 9 (Reuters) - Canada's main stock index hit nearly four-week high on Wednesday, driven by optimism that United States and China could be nearing a trade deal, which also boosted oil prices by more than 2.5 percent.

* At 9:33 a.m. ET (14:33 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 65.75 points, or 0.45 percent, at 14,670.9, rising for the fourth session straight.

* World stocks also extended gains as China and the US ended talks that had lasted longer than expected, with signs of progress on issues, including purchases of U.S. farm and energy commodities and increased access to China's markets. MKTS/GLOB

* Bank of Canada's interest rate decision is expected at 10:00 a.m.(1500 GMT) where the central bank is expected to leave its benchmark interest rate unchanged at 1.75 percent. All of the index's 11 major sectors were higher, led by the energy sector's .SPTTEN 1.4 percent rise.

* U.S. crude CLc1 prices were up 2.8 percent a barrel and Brent crude LCOc1 added 2.5 percent, also lifted by US-China trade talk optimism. O/R

* The financials sector .SPTTFS gained 0.3 percent and industrials sector .GSPTTIN rose 0.4 percent.

* The materials sector .GSPTTMT , which includes precious and base metals miners and fertilizer companies, added 0.6 percent.

* Domestic data showed housing starts fell in December as groundbreaking on multiple unit urban homes fell 6.8 percent, while single-detached urban starts also lost ground, data from the national housing agency showed on Wednesday. On the TSX, 200 issues were higher, while 33 issues declined for a 6.06-to-1 ratio favoring gainers, with 7.20 million shares traded.

* The largest percentage gainers on the TSX were New Gold Inc NGD.TO , which jumped 5.6 percent, and First Quantum Minerals Ltd FM.TO , which rose 4.7 percent.

* Stella-Jones Inc SJ.TO fell 1.1 percent, the most on the TSX. The second biggest decliner was Aphria Inc APHA.TO , down 1.0 percent.

* Among the most heavily traded shares by volume were Aurora Cannabis Inc ACB.TO and Barrick Gold Corp ABX.TO .

* The TSX posted one new 52-week high and no new lows.

* Across all Canadian issues, there were two new 52-week highs and one new low, with total volume of 12.63 million shares traded.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.